Economics suffers from a problem that it is the art of the royal economic advisor. Almost all radical economic advice suffers from a problem that only a very strong sovereign would be able to implement the same. In real life, almost every economic measure would be half-diluted by the time the rubber hit the road.
That doesn’t mean that the field has no advances. One might have to push and prod around a little to get progress in the direction sought.
For advancing the art of value creation, one can easily identify insights from economics that can be used.
Bingo!
Economics suffers from a problem that it is the art of the royal economic advisor. Almost all radical economic advice suffers from a problem that only a very strong sovereign would be able to implement the same. In real life, almost every economic measure would be half-diluted by the time the rubber hit the road.
That doesn’t mean that the field has no advances. One might have to push and prod around a little to get progress in the direction sought.
For advancing the art of value creation, one can easily identify insights from economics that can be used.